Malloy unveils new state budget proposal to address larger than projected deficit
HARTFORD — Connecticut Gov. Dannel P. Malloy is revising the state budget proposal he unveiled in February to address a now-larger projected deficit.
The Democrat said his new plan will cover a predicted $2.3 billion deficit in the fiscal year beginning July 1. That’s a $600 million increase from an earlier projection.
Malloy’s proposal cuts the general fund an additional $241 million and other funds by $363 million, compared to the proposal he submitted to the legislature in February.
“The state must live within its means. We cannot spend more than we take in. That’s why, when revenue came in lower than expected in April, we went back to the table to redraft our budget proposal,” Malloy said. “This session, the best outcome we can achieve for the people of the state is to adopt a responsible, balanced budget that does not rely heavily on new or increased taxes.”
Democratic and Republican leaders have said they also expect to update their budget proposals.
Legislative leaders and the governor are expected to begin budget talks in the coming days.
Malloy is taking issue with Democrats and Republicans criticizing his other plan to cover the current fiscal year deficit, which is $389 million. He said their comments damage the state’s reputation because they show that top leaders don’t support taking appropriate steps to balance the state budget.